2. Why does the "quality/new goods bias" arise if the inflation calculated based on a fixed basket of goods?

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A: Introduction: The profit-maximizing level of production of a monopolist is determined by equating it...

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Q: Consider an ISLM model given by these equations: Y = C + I + G C = 10 + Ya T = 10 G = 15 I = 5+÷Y – ...

A: (a) At equilibrium Y = C + I + G => Y = 10 + (1/2)Yd + 5 + (1/4)y -100i + 15 Note: Yd = Y - T =&g...

Q: 38. The ways to increase labor productivity include a. increasing the capital-labor ratio; b. increa...

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the exac...

Q: $/minute 2.50 .35 860 1000 Minute The above figure shows the market demand curve for telecommunicati...

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Q: From the given news article, if the average price of gasoline is P60.26 iter and there will be a P2....

A: Percentage change measures the change in value divided by the absolute value of the initial value. 

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Q: The supply of hamster breeders has increased because pet hamsters have become popular for families. ...

A: The answer is - a. increase

Q: When would you expect cyclical unemployment to be rising? Falling?

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Q: engineering economics: match or answer the following

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Q: What is the effect of a cashless society??

A: A cashless society is a state of the economy in which financial transactions are conducted using dig...

Q: What is the dominant strategy of DC Comics?

A:

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A: Inflationary Gap:- An inflationary can be explained as the disparity between the present actual GDP ...

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A: Externalities are the harmful or beneficial side effects arise out of production or consumption of s...

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Q: The relationship between output and eoyment is: O dirgct inverse Oup and down repeatedly constant

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A: Given: Price of physiotherapy session=$100 Price of pill=$10

Q: A corporation uses a type of motor truck which costs Ph 5,000 with life 2 years and final salvage va...

A: Answer is given below  

Q: The utility function for Morris is U = min{4M, 2T}, where M is pints of milk and T is cans of tuna. ...

A: In equilibrium: 4M = 2T  [ as utility function is of perfect complement hoods] T = 2M Substituting t...

Q: The web resources in this unit explored the economic relationship between China and Africa and the i...

A: According to Chinese statistics, China has become the continent's greatest trading partner, with Afr...

Q: If tax revenues are lesser government expenditures in a year, the budget deficit would be negative.

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Q: Now consider the economy in the steady state: The steady state is defined as a point in the long run...

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If y...

Q: 3. Discuss some problems with using the unemployment rate as a barometer for the health of the labor...

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Q: For the cash flows shown, use an annual worth comparison and a MARR of 10% per year to determine the...

A: Introduction: The hurdle rate is that the nominal rate of return on an investment needed to cover it...

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Q: OECD encourages countries to continuously supply various medical products to least income countries ...

A: Here, it is given that the OECD encourages developing or developed nations to provide medical produc...

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Q: Suppose the economy is four sectors economy. The economy is represented by the following: C = 400 + ...

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Q: In a bilateral monopoly, suppose we have the following information: P = 1000 - 2Q (Demand) P = 100 +...

A: Introduction: A monopoly is a dominant position of an industry or a sector by one corporation, to th...

Q: Which of the following is true about utility? O Utility same for all the consumers O Utlity is subje...

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Q: 14. Let 7; (xi,x-i) denote the twice differentiable profit function for firm i as a function of the ...

A: Strategic complement is the concept in the game theory where 2 players mutually support each other. ...

Q: Examine in details Four (04) different sourcing approaches that could be used by procurement experts

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A: Countries that can counter and affect a budget deficit, that is likely to promote and bring in the e...

Q: We expect price elasticity of demand for the popcorn at a movie theater to be a.) perfectly elastic...

A: The relative change in quantity demanded owing to a change in price is measured using price elastici...

Q: Why do the prices of new houses in US go so high? Explain with help of supply and demand graph

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: 2. Cross country comparisons of labor productivity. Show all work, LABEL carefully and NOTE UNITS.

A: Since the question you have posted consists of multiple parts, we will answer the first two question...

Q: To cover the cost of future expansion a company will save $5,000 a quarter for 8 years. What is the ...

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Q: Given the two machines' data Machine A Machine B First Cost Salvage value P8.000.00 P14,000.00 2.000...

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A: It is an example of price leadership. because Price leadership describes a situation in which a domi...

Q: In buying a computer disc the buyer was offered the option of paying PhP 250 cash at the end of 30 d...

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Q: Compute the annual equivalent repair cost over a 5 year life if a typewriter is warranted for 2 year...

A: Given: Life=5 years Warranty=2 years Repair cost=$1000 annually i=10%